Formula One has announced a long-term contract extension with the promoter of the Austrian Grand Prix, Projekt Spielberg GmbH & Co KG. This seals the Red Bull Ring’s spot on the F1 calendar until 2041.The announcement comes hours before the Grand Prix in Austria, where Lando Norris is set to start from pole position. Located around the Styrian mountains, the Red Bull Ring first hosted a Grand Prix in 1970.The circuit’s turning point arrived when the late co-owner of Red Bull GmbH, Dietrich Mateschitz, took crucial steps to elevate it to Grand Prix standards in 2010, marking its return in 2014.Announcing the long-term contract extension, Stefano Domenicali, President and CEO of Formula 1, said in a statement:”Austria has long been an incredibly special race for Formula 1 so it’s fantastic we have secured the long-term future of a Grand Prix so deeply rooted in the sport’s history.”The vision and passion of Dietrich Mateschitz gave the race the investment and attention that allowed it to return as an incredible event on the Formula 1 calendar.”Each year, returning to the stunning Styrian mountains is a highlight – an experience that evokes incredible emotion among our drivers, teams, and fans alike, creating an atmosphere unlike any other.”I want to extend my sincere thanks to Mark Mateschitz and Thomas Ãœberall and his team for their unwavering dedication to excellence, and to our incredible Austrian fanbase, whose enthusiasm and loyalty continue to elevate this iconic race.”Mark Mateschitz, son of Dietrich Mateschitz, added:”I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come. I am proud to continue my father’s legacy and to preserve the rich history of motor racing in Styria and at the Red Bull Ring – with and, above all, for the people of the region.”Austria’s close ties to Formula 1 are an excellent foundation for our long-term partnership. Working together, we intend to continue this success story for many years to come.”Thomas Ãœberall, General Manager of the Red Bull Ring, said:”This long-term commitment to us by Formula 1 is a great honour and a wonderful challenge that we are happy to undertake on behalf of the fans and the Murtal region.”The new contract is of inestimable importance for the future. The long-term security of the Austrian Grand Prix will trigger further investment in infrastructure and means tremendous added value for the Murtal region, for Styria and for Austria.”